IIA has come out with a new research on Codan.
http://www.codan.com.au/Portals/0/otherpubs/CDA_Initiation of Coverage_December 2015.pdf
Target price is only $1.07 .They even mention that it was a conservative estimate.
However, what caught my eye is it's only a valuation play.
They also have 0 valuation of Minetec. That's very interesting considering it has value but, because it's not throwing off cashflow is 0 to them.
Just reaffirms that Codan has 50 cent bump up just waiting for it. Once the Feb numbers come out it will just get better. This is where it begins it's move back up to $1.50. Finally.
I'm changing my sentiment back to buy as other things are going on too which I can't talk about yet but, should create upward movement in the stock.
IIA has come out with a new research on Codan....
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Last
$15.91 |
Change
0.020(0.13%) |
Mkt cap ! $2.785B | |||
| Open | High | Low | Value | Volume |
| $16.00 | $16.05 | $15.90 | $4.580M | 287.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1164 | $15.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.92 | 1922 | 2 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| CDA (ASX) Chart |
